CBDT notifies annual circular for TDS on salary for FY 2018-19
CBDT notifies annual circular for TDS on salary for FY 2018-19 circular_1_2019 CBDT notifies annual circular for TDS on…
IT Judgement
Section 43B does not contemplate liability to pay service tax before actual receipt of the funds in the account of the Assessee
Section 43B does not contemplate liability to pay service tax before actual receipt of the funds in the account of…
Exemption otherwise available to charitable trust u/s 11 can be denied to extent of its diverted income as per Sec 13 and not entire income:Bombay HC
Question before the High court was Whether exemption benefit available to a charitable trust u/s 11 can be denied only…
No denial of exemption just because educational institution collected part of fees in Foreign exchange abroad
Facts: a) The assessee-institution, engaged in educational activities, had filled its return of income claiming exemption under section 10(22). The…
Authority for Advance Ruling (AAR) on Toll Taxes
Name of the Applicant: Premier Vigilance & Security Pvt Ltd Facts of the case: The Applicant is provide the security…
Offences and prosecution under the Income Tax Act – A mere allegation that the petitioner was incharge of conduct of company was not sufficient to hold that petitioner was Principal Officer.
Offences and prosecution under the Income Tax Act – A mere allegation that the petitioner was incharge of conduct of…
HC should not take technical view of dismissing appeal on the ground of delay when it has to decide simikar legal issue in respect of earlier assessment year.
Anil Kumar Nehru vs. ACIT (Supreme Court) O R D E R Leave granted. It is a matter of record…
Interest earned on income-tax refund has to be taxed as income from other sources as per Article 12(2) of the DTAA between Indian and UK at 15% on gross basis.
Dcit (International Taxation), … vs M/S Rolls-Royce Industrial Power … on 26 December, 2018 ORDER PER K. NARASIMHA CHARY, JM…
Once the land is acquired, Assessee may be said to have actually commenced its business
Dcit, Circle- 11(1), New Delhi vs Hms Real Estate Pvt. Ltd., New … on 27 December, 2018 ORDER PER SUCHITRA…
Cheque issued by the assessee cleared after due date of payment of advance tax.
As payment of advance tax by the assessee was made through cheque on due date but cheque was encashed on…
Period of default where short fall due to accrual of capital gains after last instalment of advance tax.
As advance tax was earned after 15-3-2000, the assessee was liable to pay interest under section 234C for the period…
HC quashes locker search warrant as Addl. DIT failed to prove that such locker contained undisclosed income
HC quashes locker search warrant as Addl. DIT failed to prove that such locker contained undisclosed income 1. Search and…
Whether depreciation on testing equipment provided to laboratories and hospitals free of charge & not used by the Assessee directly is allowable as deduction?
Asst Cit (Ltu)1, Mumbai vs Johnson & Johnson Ltd, Mumbai on 26 December, 2018 ORDERUNDER SECTION 254(1)OF INCOME TAX ACT…
Allowability of Set off of unabsorbed business losses against capital income arising through slump sale
Allowability of Set off of unabsorbed business losses against capital income arising through slump sale Where assessee had earned the…
Gujrat High Court admits appeal against the last date notified by government for availing input tax credit
Gujrat High Court admits appeal against the last date notified by government for availing input tax credit Gujrat High Court…
“Penny stock judgement by MP High court considering all other judgement”
M/s Etiam Emedia Limited v/s Income Tax Officer-2(2) O R D E R ( Passed on this 19th day of…
Payment made to retiring partners & its deduction on the ground that its diversion of income by overriding title-
M/S Deolite Haskins & Sells, … vs Acit Non Corp Circle 1 (1) Formerly … on 6 December, 2018 Cross…
